individual by the name of bill taylor stepped up to the task of what was then that the worst banking crisis since the great depression. he headed supervision for the federal reserve system and then let the fdic. he was forthright in his views, firm and his conclusions, and fair almost to an extreme. he was a man of integrity and when necessary, he was willing to take unpopular positions. he recognize that the failure of the bank, regardless of its size, had an important impact on the community it served, whether a world community or a major wall street market -- or a rural community. and it always, always impacts customers and consumers when there is a failure. you understood that the job of a bank supervisor was not to close banks. it is not our goal, but to enforce rules and exercise regulatory judgment that minimizes the bank failures in order to strengthen the safety and soundness of our financial system. he encouraged strong capital standards. that is where we start. he insisted on tough examinations and always outlined careful actions with a focus towards reducing the number of